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The Hindu
The Hindu
National
Special Correspondent

Model by-laws soon for agri-credit societies

cooperatives Ministry of Cooperation Amit Shah

The Union government is all set to bring in model by-laws to govern around 63,000 Primary Agricultural Credit Society (PACS) across the country. The newly created Ministry of Cooperation is also formulating a national level policy for cooperatives that is likely to be finalised by the end of this year, a senior government official has said.

The formation of the Ministry of Cooperation was announced on July 5, 2021 and Home Minister Amit Shah was allocated the portfolio during the Cabinet expansion.

Many cash rich cooperatives in several States are controlled by Opposition parties such as the Nationalist Congress Party (NCP) and the Congress and they play a crucial role in political events in States such as Maharashtra, Kerala, Gujarat, parts of Karnataka, Tamil Nadu, Madhya Pradesh and West Bengal.

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